Panelist
Panelist
Mr. Patrick Crandall
Senior Managing Director Kennedy Wilson
Patrick Crandall is Senior Managing Director in the Debt Investment Group at Kennedy Wilson (NYSE: KW), a global real estate investment company with $25 Billion AUM. He is responsible for the origination of commercial real estate financing nationwide, specifically overseeing origination of construction and bridge financing in the Eastern US. He has over 35 years of experience across multiple commercial real estate disciplines, including financing, acquisitions, brokerage, valuation, and asset management. He has been involved in more than $20 Billion in transactions in the US and abroad. Mr. Crandall is a member of the Urban Land Institute (currently on the Placemaking Council and ULI LA Capital Markets Council), the National Multi Housing Council, and is on the board of Heritage Housing Partners, a non-profit developer of affordable for-sale housing.
Speaking at
Tue Oct 29
4:00 PM — 5:00 PM (GMT-05:00) Eastern Time
Resorts World Las Vegas - Level 2, Blossom ABC
Alternatives to Traditional Financing: The Rise of Debt Funds
Category
Capital Markets
Because of the regional banking crisis and repricing of office and multifamily properties, regional and even larger banks have largely abandoned the real estate financing market generally and construction specifically. Developers have also seen an erosion in lenders willing to do large-scale residential projects. Debt funds, many of which are backed by global insurance companies, are filling the gap. The panel will discuss the current landscape of development, construction, and repositioning loans—who the players are, the products they are considering, and how they differ from traditional bank lenders.